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I agree, I remember some of your posts back in 06/07 being very upbeat about FNQ, but the times changed, the GFC came people got burned and the speculators are out of the picture so the same growth isn't there anymore I don't know if anyone could have predicted the extend of the GFC. I...

Timing your market is not a bad thing. Regarding the Perth market, I was never convinced that such high prices were justified. Its the same with Darwin now, its a matter of time before the correction or stagnation comes. Even in the more popular Sydney,Melbourne, Brisbane markets we...

Not me mate, I doubt that we'll see property prices going up by much more than the CPI for the next 5 years. haha Personally I'm not trying to tell you anything. I'm just saying that people live longer these days. It doesn't mean that our seniors should start investing in property, they...

What if you are not? People live longer and longer these days

Good point, many people think they are better off spending their money on gadgets and on having a good time instead of paying off a mortgage. Common people, get real and get your foot through a door. It doesn't have to be the biggest and greatest place. One day you'll be glad you did...

What index is this? :confused: To me it shows that properties are selling like hotcakes. As soon as they hit the market they are gone...:D

It is possible that prices could come down a bit in some areas but IMO the conditions are not right for massive falls in the cities where the population pressure is. If interest rates get back to 10% then yes, sure, I'll be selling as well...:eek: However, interest rates are going nowhere in...

A single person can live in a flat which should be affordable on 1 wage. Another option would be to buy a property as an investment and therefore share the burden with the tax office for a few years while you're paying it off. There are options out there if someone is willing to put the...

On 2 wages a $350K loan is no big deal. Why would someone on 1 wage expect to own a house? It's not possible here and it's not possible in other western countries either. This is nothing new. Housing has never been very affordable. People today want everything served to them on a platter...

I know but it's the same guys who created the crisis who are moving large sums of money around....:eek:

Sunfish I doubt it. Remember the motto "United we stand, divided we fall?" To me it seems like the recent crisis has united them. And now that the ECB is buying up individual country bonds it will be VERY hard to unwind the Euro without a lot of pain by all Eurozone members. I think...

Why? Because the US have their printing presses going 24/7 or because they can manipulate the markets? I reckon China will pull the plug on them 1 day and then we'll see what happens....

Ok so you're comparing the times when the western world was still in pain after WW2 with today? If you go back a little longer, they would have been giving properties away. Also, don't forget that there were no population pressures in those days.

Are you saying that the lenders aren't doing their due diligence? You could be right, you know them better than me.

He wants to make a point so he needs an imaginary high figure. If there is a $600K property in the outer suburbs I'm sure it will be worth $600K or people wouldn't buy it. Even the banks wouldn't lend the money if a place was overpriced because they are not stupid, they do their own valuations.

Well, its because there are different market dynamics. For example: The population in Japan is declining, people are scared of earthquakes etc. Germany and Europe in General is not a good place to be a landlord because tenants have too many rights. It's also not in the culture of...

Meconium I disagree, I think the growth of any property depends on the driving forces behind it and often outer suburbs do better than inner suburbs. Its all in the timing and the part of the property cycle we buy into but the long term trend for property in the same city is to have similar...

It's good you've managed to convince them, History tells us that they can buy the same thing later but they'll have to pay more :D The how much more depends on what they buy, where they buy it and what part of the property cycle they buy into.